Solid-state LiDAR company LeddarTech raises $101M in Series C

By mmillikin Solid-state LiDAR company
LeddarTech (earlier post) completed a combined investment of US$101 million led by Osram and including Delphi, Magneti Marelli and Integrated Device Technology, Inc. as strategic investors, as well as Fonds de solidarité FTQ.

Representing the Company’s largest capital raise to date, this round of funding will allow LeddarTech to enhance its ASIC development efforts, expand its R&D team, and accelerate ongoing LiDAR development programs with select Tier-1 automotive customers for rapid market deployment.

LeddarTech is commercializing automotive-grade solid-state LiDARs. The patented Leddar technology stems from more than a decade of R&D and has been optimized through multiple deployments in